Schaper Benz & Wise Investment Counsel Inc. WI Purchases 149 Shares of Visa Inc. (NYSE:V)

Schaper Benz & Wise Investment Counsel Inc. WI increased its position in Visa Inc. (NYSE:V) by 0.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 69,903 shares of the credit-card processor’s stock after acquiring an additional 149 shares during the quarter. Visa accounts for about 1.8% of Schaper Benz & Wise Investment Counsel Inc. WI’s investment portfolio, making the stock its 18th biggest holding. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Visa were worth $22,092,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of V. Peterson Financial Group Inc. bought a new stake in Visa during the third quarter valued at about $26,000. Decker Retirement Planning Inc. bought a new stake in Visa during the fourth quarter valued at about $26,000. Bradley & Co. Private Wealth Management LLC purchased a new position in shares of Visa in the fourth quarter valued at about $27,000. POM Investment Strategies LLC lifted its position in shares of Visa by 48.5% in the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after acquiring an additional 32 shares in the last quarter. Finally, Modus Advisors LLC purchased a new position in shares of Visa in the fourth quarter valued at about $32,000. Institutional investors own 82.15% of the company’s stock.

Visa Trading Up 0.5 %

V opened at $345.79 on Friday. The stock has a market cap of $642.41 billion, a price-to-earnings ratio of 34.86, a P/E/G ratio of 2.33 and a beta of 0.95. The stock’s 50 day moving average price is $336.18 and its 200-day moving average price is $308.63. Visa Inc. has a one year low of $252.70 and a one year high of $366.54. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12.

Visa (NYSE:V) last released its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. On average, equities analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.68%. Visa’s dividend payout ratio is 23.79%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on V. UBS Group boosted their price objective on Visa from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Susquehanna boosted their price objective on Visa from $395.00 to $410.00 and gave the company a “positive” rating in a research report on Friday, February 21st. JPMorgan Chase & Co. boosted their price objective on Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Oppenheimer restated an “outperform” rating on shares of Visa in a research report on Thursday, February 13th. Finally, Raymond James reiterated an “outperform” rating and issued a $393.00 target price (up from $374.00) on shares of Visa in a research report on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $353.96.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Peter M. Andreski sold 2,332 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the completion of the transaction, the chief accounting officer now directly owns 4,488 shares in the company, valued at approximately $1,569,094.56. This trade represents a 34.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 64,505 shares of company stock valued at $22,290,507 over the last quarter. 0.13% of the stock is owned by corporate insiders.

Visa Company Profile

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.